Uk Capital Gains Tax Threshold 2024/25. Capital gains tax may be applied if the value has risen since the person died, and the gain is above the allowance (now £3,000 per person for the 2024/25 tax year,. Capital gains are subjected to a tax rate of 10% when both income and gains remain within the basic rate band limit of £37,700.

Learn about the capital gains tax allowance on property, calculating cgt & rates. The capital gains tax rate you use depends on the total amount of your taxable income, so work that out first.